Can Broadcom Bounce Back?
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Contributor Since 2011
Tony Kau is a financial analyst and swing trader from Portland, Oregon. He was most recently employed as an Analyst/Model Developer at a hedge fund. His core strategy relies on successfully identifying trend exhaustion patterns and capitalizing on them using both stocks and options. He publishes a daily trading blog to help others benefit from the tools he has developed. To see his daily trade alerts or learn more about trend exhaustion, visit http://TonyKau.com
Tony's Trend Exhaustion Fund is a Contrarian, fundamentally-supported, long/short, swing trading fund, seeking to identify pricing trends of individual equities that appear to be exhausted and due for a reversal. The Trend Exhaustion identification and ranking system is also employed as an entry/exit timing mechanism for a market-neutral hedge fund.
After a 12% drop on a 5% guidance reduction in April, analysts and investors arestarting to see Broadcom Corp. (Nasdaq: BRCM) as a value opportunity. Last week, Broadcom, a manufacturer of semiconductors for wired and wireless communication, even led the IU25 index following positive analyst attention. Let's take a closer look at the outlook and numbers to determine whether this is a buying signal, or just a brief pause on a long-term decline. Compared to direct competitors That said, Broadcom is the leader in its niche... (Continue reading on InvestorUprising.com)